Lloyd F. Martin Jr. pleaded guilty Tuesday in federal court to felony subscription of a false income tax return. He faces up to three years in prison, a maximum fine of $250,000 and $184,655 in restitution.

Martin admitted in court Tuesday that from 2006 to 2008, he was president of a commercial construction company in Syracuse named Henderson-Johnson Co., Inc.

During that time, Martin took in roughly $657, 640 in income from Henderson-Johnson over what he reported on his personal federal income tax returns. The income included payments toward personal expenses, such as the purchase and maintenance of a jet.

Martin failed to claim about $255,645 as income on his tax returns in 2006, $241,892 in 2007 and $160,101 in 2008. Each report substantially under-reported his income and tax liability that year, which resulted in a tax deficiency to the Internal Revenue Service totaling $184,655.00.